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|Legal 5Administrative||Information||||
|Report ofthe Trustees|||||2-4|
|Independent
Auditor's||Report|||5-9|
|Statement ofComprehensive|||Income||10|
|Statement
of Financial|Position|||||
|Statement
of Changes|in Reserves||||12|
|Statement
of Cash Flow|||||13|
|Notes to the Accounts|||||14-24|
|Notes not forming part||ofthe|Financial|Statements:-||
|'||||||
|Detailed income||and expenditure||account|25|
|Charity|No:|218821||
|---|---|---|---|
|Address|ofCharity:|Leonard Street,||
|||Neath.||
|||(Administered|by Tai Tarian Limited)|
|Auditor:||WBV Limited||
|||Chartered
Accountants||
|||Statutory Auditors||
|||Woodfield
House||
|||Castle Walk||
|||Neath||
|||SA113LN||
|Bankers:||Lloyds Bank Plc||
|||Neath||
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||||2021|2020|
|---|---|---|---|---|
|||Note|E|f|
|Turnover|||35,654|39,888|
|Grants received|||||
|Operating
expenditure|||(43,491)|(38,958)|
|Operating
deficit|||P 837)|930|
|Profit on the sale|of Investments||||
|Interest receivable|and other Income||3,484|3,250|
|Movement
in fair|values of investments||17,757|(13,025)|
|Surplus before taxation|||13,404|(8,845)|
|Taxation|||||
|Surplus for the year|||13,404|(8,845)|
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Fixed assets|||||Note|E|E|
|Housing
properties||||||239,075|241,384|
|Less 5HG|||||9|(221,1531|(221,153)|
|Plant and Equipment|||||8|||
|||||||17,922|20,231|
|Current
assets||||||||
|Debtors|||||10|7,538|7,851|
|Investments||||||111,245|93,410|
|Cash and cash equivalents||||||39,332|49,863|
|||||||158,115|151,124|
|Creditors: amounts|falling||due within one|year|12|(6,621)|(15,344)|
|Net current assets||||||151,493|135,780|
|Total assets less current|||liabilities|||169,415|156,011|
|Net assets||||||169,415|156,011|
|Capital and reserves||||||||
|Exchequer Contributions||and Endowment||Fund||4,798|4,798|
|Income and Expenditure||Reserve||||41,670|40,485|
|Designated
Reserves||||||122,947|110,728|
|Total capital and reserves||||||169,415|156,011|
##
||||income ff
Expenditure|Designated
Reserves|Endowment
Fund|2021|2020|
|---|---|---|---|---|---|---|---|
||||Reserve|||||
|||||||f|f|
|At beginning|ofyear||40,485|110,728|4,798|156,011|164,856|
|Surplus forthe year|||13,404|||13~|(8,845)|
|Transfers
between||reserves|l12,219)|12,219||||
|At 31March|2021||41,670|122,947|4,798|169J15|156,011|
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Note|6|f|
|Net cash|generated
from|operating||activities||16|(13,937)|9,425|
|Cash flow|from investing|activities|||||||
|Interest received||||||||17|
|Dividends|received||||||3,481|3,233|
|Proceeds|of sale of investments||||||||
|Purchase|of investments||||||(78)|(77)|
|Net cash|flow from investing||activities|||||3,173|
|Net increase
in cash and cash|||equivalents||||(10,531)|12,598|
|Cash and|cash equivalents|at beginning|||ofyear||49,863|37,265|
|Cash and|cash equivalents|at|31March||2021||39,332|49,863|
|Cash and|cash equivalents|consists||of:-|||||
|Cash at bank and in hand|||||||39,332|49,863|
|Cash and|cash equivalents|at|31March||2021||39,332|49,863|
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|2.TURNOVER, OPERATING COSTS|2.TURNOVER, OPERATING COSTS|AND OPERATING SURPLUS|AND OPERATING SURPLUS|||
|---|---|---|---|---|---|
|INCOME AND EXPENDITURE FROM|||SOCIAL HOUSING LETTINGS|2021|2020|
|||||E|E|
|Income||||||
|Rents receivable||||35,654|39,888|
|||||35,654|39,888|
|Grants 'received||||||
|Other income from social housing||lettings||||
|Turnover
from social housing|lettings|||35,654|39,888|
|Expenditure||||||
|Management
costs||||14,558|14,314|
|Other costs||||23,225|17,306|
|Maintenance
costs||||3,093|5,100|
|Losses from bad debts||||305||
|Depreciation
and amortisation||||2,310|2,238|
|Operating
costs on social housing|||lettings|43,491|38,958|
|Operating
deficit on social housing|||lettings|(7,837)|930|
|Rent loss due to voids (memorandum|||note)|(10,893)|(7,555)|
##
|||||
|---|---|---|---|
|.INTER|ST RECEIVABLE AND OTHER INCOME|2021|2020|
|||E|E|
|Dividends|receivable from Investments|3,481|3,233|
|Bank and|short term deposit interest receivable|3|17|
|||3,484|3,250|
##
|||||
|---|---|---|---|
|4.OPERATING SURPLUS||2021|2020|
|||f|E|
|Operating
surplus for the year is stated after charging:||||
|Depreciation
and amortisation|of fixed assets|2,310|2,238|
|Auditor's
remuneration
(inclusive of VAT)||||
|-Audit services||2,700|2,850|
|- Non audit services||||
|Government
grants received||||
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|Care/Domestic|Staff|
|---|---|
|Staff Costs:-||
|Wages and Salaries||
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|8.TANGIBLE|RXED ASSETS||||
|---|---|---|---|---|
|||Property|||
|||Improvements|Equipment|Total|
|||E|6|E|
|Cost|||||
|At beginning|of year|284,807|11,324|296,131|
|At31March|2021|284,807|11,324|296,131|
|Depreciation|||||
|At beginning|ofyear|(43,422)|(11,324)|(54,746)|
|Charged
during the year||(2,310)|—|(2,310)|
|At31March|2021|(45,732)|(11,324)|(57,056)|
|Net book value|||||
|At 31March|2021|239,075||239,075|
|At 31March|2020|241,384||241,384|
|9.SOCIAL HOUSING GRANT|2021|2020|
|---|---|---|
||E|E|
|Balance brought forward|221,153|221,153|
|Received in the year|||
|Balance carried forward|221,153|221,153|
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|10.DEBTORS||2021|2020|
|---|---|---|---|
|||E|E|
|Amounts
due within one year||||
|Arrears of rent and service charges||908|1,103|
|Less: provision for bad and doubtful|debts|(305)||
|||603|1,103|
|Sundry Debtors|||735|
|Prepayments||6,141|6,013|
|||7,538|7,851|
##
|.INVEST|ENTS||2021|2020|
|---|---|---|---|---|
||||E|f|
|At beginning|ofyear||93,4ao|106,358|
|Reinvestment|ofaccumulation|dividends||77|
|Disposal at valuation|||||
|Revaulation|in year||17,757|(13,025)|
|At 31March|2021||111,245|93,410|
##
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|2021|2020|
|---|---|
|E|E|
||3.233|
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|---|---|---|
|12.CREDITORS|2021|2020|
||E|E|
|Amounts due within one year|||
|Trade Creditors|1,763|4,004|
|Accruals|4,859|11,340|
||6,621|15,344|
##
||||Extraordinary|Cyclical|||
|---|---|---|---|---|---|---|
||||Repair|Maintenance|2021|2020|
||||Fund|Fund|||
|2021|||f|f|f|f|
|Balance brought|forward||42,554|68,174|110,728|100,500|
|Transfer from revenue||reserve|5,080|8,110|13„190|12,610|
||||47634|76,284|123,918|113,110|
|Transfer from revenue||reserve re||(971)|(971)|(2,382)|
|expenditure
in the year|||||||
|Balance carried|forward||47,634|75,313|122,947|110,728|
##
||||Cychcal|||
|---|---|---|---|---|---|
||||Maintenance|2021||
||||Fund|||
|Repair expenditure|incurred|on project||||
|General
repairs|||971|||
|Professional
fees||||||
||||971||971|
|Transfer from designated||funds|971||971|
##
|||||Income &||||
|---|---|---|---|---|---|---|---|
||||||Investment|||
|||||Expenditure
Reserve|Revaluation|2021|2020|
||||Note|E||||
|At beginning|ofyear|||23,210|17,275|40,485|59,558|
|Deficit for year||||(4,353)||(4,353)|4,180|
|Revaulation|of investments||||17,757|17,757|(13,025)|
|Transfers to|designated|reserves|15|(12,219)||(12,219)|(10,228l|
|At 31March|2021|||6,638|35,032|41,670|40,485|
##
|15.NET TR|ANSFER TO|D|ESIGNAT|ED RESERVES||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|f|
|Transfer from designated|||reserves|re expenditure|in the year|971|2,382|
|Transferto|designated|reserves||||(13,190)|(12,610)|
|||||||(12,219)|(10,228)|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|f|
|(Deficit) / Surplus for period before revaluation|||ofinvestments|(4,353)|4,180|
|Interest received||||(3)|(17)|
|Dividends
received||||(3,481)|(3,233)|
|Depriciation
oftangible fixed assets||||2,310|2,238|
|Surplus
on disposal|of investments|||||
|(Increase)/decrease|in debtors|||313|(1,929)|
|Increase/(decrease)|in creditors|||(8,723)|8,186|
|Net cash flow from operating||activities||(13,937)|9425|
##
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|PROPERTY REVENUE ACCOUNT|PROPERTY REVENUE ACCOUNT|PROPERTY REVENUE ACCOUNT||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Income||||||||
|Rents receivable||||||15,654|39,888|
|Grant received||||||||
|||||||35,654|39,888|
|Expenditure||||||||
|Repairs and Maintenance||||||2,953|4,951|
|Heating
and Lighting||||||16,068|11,225|
|Insurance||||||1,105|1,068|
|Council Tax||||||1,795|622|
|Water Rates||||||1,346|1,338|
|Management
Charges||||||14,558|14,314|
|||||||37,825|33,518|
|(Deficit) / surplus|for year transferred||to Income|and Expenditure|Account|(2,171)|6,370|
|GENERAL INCOME AND EXPENDITURE|||ACCOUNT|||2021|2020|
|||||||E|E|
|Other Income||||||||
|Deposit Account||||||3|17|
|Other Investment|income|||||3,480|3,233|
|Surplus
on sale of investments||||||||
||||||||3,250|
|Community
Alarm|Service||||||149|
|Professional
Fees||||||||
|Rank Charges||||||30|30|
|Subcriptions||||||179|173|
|Accountancy
and Audit Fee||||||2,700|2,850|
|Losses from Bad Debts||||||305||
|Depreciation||||||2,310|2,238|
|Other||||||||
|Deficit forthe year||||||(2,181)|(2,190)|
|(Deficit) / surplus|transferred|from Property Revenue||Accounts||(2,171)|6,370|
|(Deficit) / surplus|for the year before||investment|revaluation||(4,352)|4,180|